C3.ai Q1 Earnings: Revenue Miss, EPS Miss, CEO Transition — 'Completely Unacceptable'

C3.ai Inc (NYSE:AI) reported first-quarter financial results after the market close on Wednesday. Here’s a rundown of the report.

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Q1 Highlights: C3.ai reported first-quarter revenue of $70.26 million, missing analyst estimates of $94.58 million, according to Benzinga Pro. The company reported a first-quarter adjusted loss of 37 cents per share, missing analyst estimates for a loss of 20 cents per share.

C3.ai ended the quarter with $711.9 million in cash, cash equivalents and marketable securities.

“The good news is we have ...